tv Asia Business Report BBC News January 30, 2018 1:30am-1:47am GMT
i'm kasia madera with bbc news. to find a diplomatic solution to the north korean nuclear crisis. kim jong—un has never appreciated the risk he presents to the world. the mentalfaculties to do hisjob. he was due to retire. this comes after reports suggested president trump wanted him removed. com. police in indonesia have
with a stern warning for britain. warning for britain. and could steel and aluminium be next? good morning, asia. hello, world. another edition of asia business report. i am rico hizon. iam rico hizon. i am rico hizon. it's a tuesday. thank you forjoining us. brexit. people a definite signal about the kind of brexit bill she wants. kind of brexit bill she wants. —— prime minister. prime minister. owner spoke to the bbc on the eve of her visit to the mainland. we have more. more. unmistakable rajesh feel on sale in a distinctly british place. —— british. british. city of a billionaire who
challenging experience. cook china add offers tailored access. access. ways, though to be the uk has a new deal to send more pig trotters here. deal to send more pig trotters here. incremental trade deals with china in a post— brexit world. incremental trade deals with china in a post- brexit world. in a post- brexit world. be the world's farce growing economy. growth would be between 7. 5% and 7%. we are joined by our business reporter. business reporter.
pack for india to grow by more than 7% in the next fiscal year? 7% in the next fiscal year? after the indian bankruptcy court has been introduced. has been introduced. announcement of increased foreign investment in india. investment in india. it we could have more investment in the country. the country. precipice, with a shot in the economy. economy.
could stifle this growth going forward ? could stifle this growth going forward? forward? economic survey showing export recovery in india. recovery in india. increase the import bill for india and hurt economic growth. and hurt economic growth. deliver his first state of the union address in 2a hours —— survey. address in 2a hours —— survey. rhetoric about protectionism by imposing heavy tariffs on solar. imposing heavy tariffs on solar. this hit asia, most impacted by the move. move. but donald trump warns there is more to come. is more to come. powering a potential trade war.
potential trade war. on imported solar panels in america have divided the sake. have divided the sake. us —based manufacturers are happy. —— sector. and people like this could lose jobs. jobs. this woman runs a firm which imports them. imports them. there is a way to incentivise it. incentivise it. cheaper and better the manufacture in the us. in the us. officially approved the tariffs last week. week. this is a move in line with his america first policy. his america first policy. campaigned on, and what he seems to be delivering. be delivering.
only the first among a host of items he wants to start import duties on. he wants to start import duties on. steel and aluminium are expected to be next on the list. be next on the list. china is the world's biggest producer of both. world's biggest producer of both. because of cheap imports from the asian giant. asian giant. delivered a deadly blow to american manufacturing. manufacturing. a trade war on the us for two decades. decades. we have been following a policy of maligned neglect. policy of maligned neglect. we have been ignoring our own interests. policy of maligned neglect. been ignoring our own interestsm is notjust china. is notjust china. us policies could impact several nations. impact several nations. against protectionism have already grown louder. grown louder. world, some of these
leaders could decide to hit back. decide to hit back. mcdonald's bringing out their report later today. later today. worldwide, it was worth $440 billion in 2016. $440 billion in 2016. to hit 690 billion us dollars by 2022. 2022. that is a lot of shakes, burgers, and fries. burgers, and fries. does asia have the same appetite? the same appetite? fourth greatest growing in the industry. industry. guest about how asian brands are fairing against western rivals. fairing against western rivals. asia, even in the europe and the
us markets. they love it. have a huge influence on other customers. customers. one of the big franchises in singapore is four fingers. in singapore is four fingers. are they expanding? they expanding? they will expand in thailand and australia. thailand and australia. new trend of premium chicken, which people crave. people crave. successful in the asia—pacific region. region. which ones are struggling at the moment? the moment? traditional fast food, kfc, it is closing down a bit. kfc, it is closing down a bit. and flavours, consumers just like newer things to experience. newer things to experience. what is the overall trend in the industry? the overall trend in the industry? consumers going to stores? do they just order on line?
just order on line? definitely more web delivery, overtaking drive—in customers. overtaking drive—in customers. delivery, ubereats, etc, they are delivering more. it makes me hungry. a quick look at the markets. very good day for asian stocks this tuesday. tuesday. territory after us equities pulled back from record highs. back from record highs. had its biggest decline in five months. months.
midmorning tuesday trade. so much for investing your time with us. so much for investing your time with us. i am rico hizon. iam rico hizon. i am rico hizon. sport today is coming up next after this. coming up next after this. before that, the main story. disability payments will be reviewed. reviewed. was discriminating against some people. people. nearly £4 billion over the next five yea rs. we explain. chloe clark is a busy mum of three. the house until she is with a close family member. than a physical problem and she was denied payment. i can't walk 200 metres without my husband and he is my aid. he is my aid — take that away
and i cannot walk 200 metres. who brought the case to the high court. with psychiatric conditions. they would abide by the ruling. in order to provide certainty to our claimants. the consequences of that decision have now become apparent. every person on pip will have their cases reviewed. 6 million people. 7 billion by 2022—23. we want to know how long this will take. will it take weeks, months or years? they are going to rectify the mess that they have got themselves into.
for all of the sports news in sport today. dubai. —— goodbye. live from the bbc sport centre. for a new major league soccer franchise in miami. gennady golovkin and canelo alvarez will go again in may. to back championships. a major league soccer franchise playing out of miami. but has faced a series of problems in finding a suitable venue.
side willjoin the league. bouncing that this is where we want to bring the franchise. to bring the franchise. this is where we want to bring the team. where we want to bring the team. we have had some rogue brock along the way, a if you bump. —— roadblocks. roadblocks. i thought it was not going to happen, but i don't like to lose. happen, but i don't like to lose. i don't give in very easily. don't give in very easily. it was going to happen, i knew that this was the right place to be. this was the right place to be. always believed in miami, i believe that this is where i wanted my team. that this is where i wanted my team. and finally, we are here. to experience different leagues and as i said, different cultures.